Oracle Blog

Wednesday Jan 21, 2015

By implementing modern best practices and architecting a digital,
IoT-driven supply chain, organizations will be able to realize a number
of benefits.

Today’s modern consumers expect faster and more
flexible fulfillment options that provide full visibility into product
information, availability, and lead times. With billions of networked
devices—from cell phones and laptops to equipment sensors and wearable
technology—the opportunities for significant innovation are vast. But so
are the possibilities for exposure to risk and inefficiencies. The
business battleground is moving, and the value chain is at the forefront
of success or failure.

Now,
fast forward to 2020, there are 25-plus billion Internet of Things
(IoT) devices and a “networked” economy approaching US$2 trillion.
According to Bryan Tantzen,
senior director of IoT at Cisco, “We have now crossed the chasm and
people are waking up to the value at stake. Supply chain managers in
particular are leveraging IoT to create a real-time supply chain where
line operators take digital orders and integrate them immediately into
production runs.”

To take advantage of the increasing deluge of
data, commonly referred to as big data, businesses are replacing
traditional methods with modern best practices. These practices are more
focused on customers, enable faster and more responsive supply
networks, inspire more profitable product innovation, and facilitate a
more collaborative environment of empowered supply chain professionals.

By
implementing modern best practices and architecting a digital,
IoT-driven supply chain, organizations will be able to realize a number
of benefits:

The business battleground is moving, and the value chain is at the forefront of success or failure.

Increase focus on customers

As
consumer-level information is captured by machine-to-machine
communications, businesses can immediately analyze the data in multiple
ways to create faster, more reliable, and more accurate forecasts so
inventory and production levels are optimized. For example, in the
not-so-distant future, sensors will be added to consumable items such as
a gallon of milk. Milk producers will go beyond the shelves at retail
outlets and into the homes of consumers to determine, in the short term,
levels of consumption and, in the long term, patterns of consumption
for individuals so they can better manage their supply chains and
predict future demand and supply their retailers more efficiently. This
level of detail was never before available. Read the complete article here.

Middleware
fields is an extremely eco-conscious community and has been trying to
setup a commuting program for their employees. Though a good idea, they
soon run into challenges ensuring that people are able to use the
commuting services easily. Take a look below to see how SOA is like a
transit pass for your enterprise and how it addresses common issues you
may - watch the video here.